"The other company we acquired is called DIGS. They have an online presence, they have two retail stores and also a consulting service--all in the cannabis vertical," he said.

DIGS sells growing equipment, supplies and accessories to both commercial and individual growers. This acquisition is important because once the new law takes effect in California, people aged 21 and over will be able to grow up to six plants in their own homes.

Lambrecht is particularly enthusiastic about California, which being the world's sixth largest economy, holds a lot of market opportunities for an emerging industry like cannabis.

"It's a 'green' rush," he said. "We're really moving forward with acquisitions and we're really excited about California in particular because, as we know, it's opening up in January of 2018. It's such a large state, it's like a small country and the business there is going to be pretty amazing."

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About SinglePoint, Inc.

SinglePoint, Inc. (OTC:SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

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